India’s forex kitty surges to new all-time high of $648.56 bn
Mumbai, April 12 - India's foreign exchange reserves went up by $2.98 billion during the week ended April 5 to scale a new all-time high of $648.562 billion, data released by the RBI showed on Friday.
India’s industrial production accelerates to 5.7pc in Feb
New Delhi, April 12 - The growth rate of India's industrial output accelerated to 5.7 per cent in February after having slowed to 3.8 per cent in January, data released by the Ministry of Statistics on Friday showed.
India’s CPI inflation eases to 9-month low of 4.85 pc in March
New Delhi, April 12 - India’s consumer price inflation eased to a 9-month low of 4.85 per cent in March bringing relief to household budgets, figures released by the Ministry of Statistics on Friday showed.
TCS posts 9 pc jump in Q4 net profit at Rs 12,434 crore, declares dividend of Rs 28 per share
Mumbai, April 12 - Leading IT software exporter Tata Consultancy Services (TCS) on Friday reported a 9 per cent increase in net profit at Rs 12,434 crore for the Jan-March quarter of 2023-24 up from Rs 11,392 crore in the same period of
Sensex plunges 793 points amid worries over delayed US rate cuts
Mumbai, April 12 - The BSE Sensex plunged almost 800 points on Friday amid heavy selling in frontline stocks.
World’s fastest charging electric 3-wheeler arrives in India
New Delhi, April 12 - In a push towards the electric mobility dream, India on Friday saw the launch of a passenger electric three-wheeler that is touted as the world’s fastest-charging EV within 15 minutes.
BharatPe co-founder Ashneer Grover set to launch app for medical loans ‘ZeroPe’
New Delhi, April 12 - BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that will provide loans for healthcare.
India’s fintech sector logs robust 59 pc growth in Q1 2024
New Delhi, April 12 - India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday.
Many large companies to move Appellate Authority against GST demand notices
New Delhi, April 11 - Many large companies that have received GST demand notices have decided to file an appeal with the Appellate Authority.
Regional carrier FLY91 to operate 4 flights a week from Goa to Agatti in Lakshadweep
Panaji, April 11 - Goa-based private airline FLY91 announced on Thursday that it would operate four flights a week to Agatti in the Lakshadweep islands and three flights a week to Jalgaon in Maharashtra, the two new destinations that have come on to
Tata ropes in Shell to set up EV charging stations across India
Mumbai, April 11 - Tata Passenger Electric Mobility Ltd (TPEM) said on Thursday that it has signed a non-binding Memorandum of Understanding with Shell India Markets Private Limited (SIMPL) to collaborate in setting up public charging stations across India.
Hindalco to file appeal against Rs 30 cr penalty levied under Customs Act
New Delhi, April 11 - The Office of the Principal Commissioner of Customs, Ahmedabad, has passed an order levying a total fine and penalty of Rs 30 crore on Hindalco Industries.
ADB ups India’s growth forecast for 2024-25 to 7 pc, expects inflation to dip
New Delhi, April 11 - The Asian Development Bank (ADB) on Thursday raised India’s GDP growth forecast for 2024-25 to 7 per cent as it expects public and private sector investment along with a gradual improvement in consumer demand to drive up the
Larsen & Toubro divests entire stake in L&T Infrastructure Development Projects
New Delhi, April 11 - Engineering major Larsen & Toubro (L&T) has announced the completion of the divestment of L&T Infrastructure Development Projects Limited (LTIDPL), a joint venture of Larsen & Toubro Limited and Canada Pension Plan Investment Board (CPP Investments) holding 51
India records 17 pc jump to become 4th largest exporter of digital services: WTO report
New Delhi, April 11 - India registered a 17 per cent jump in the export of digitally delivered services to a staggering $257 billion to become the world's fourth-largest exporter in the segment, according to the latest Global Trade Outlook and Statistics report
Corporate earnings growth in India shows signs of contraction
New Delhi, April 11 - Indian markets may be in for a phase of earnings contraction coupled with above average valuations, say analysts.
Larger public purpose would stand defeated if violators are allowed to go scot-free just because of delay in initiating action: SEBI
New Delhi, April 10 - Markets regulator SEBI has said in an order that the larger public purpose of investor protection would stand defeated if the violators are allowed to go scot-free just because of delay in initiating action against them.
SEBI issues settlement order to Utkarsh Small Finance Bank
New Delhi, April 10 - The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender.
KABIL inks pact for technical cooperation in critical minerals with CSIR-IMMT
Bhubaneswar, April 10 - Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - Institute of Minerals and Materials Technology (CSIR-IMMT) for technical and knowledge cooperation for Critical Minerals.
Maruti Suzuki jacks up prices of Swift, Grand Vitara Sigma
New Delhi April 10 - Leading carmaker Maruti Suzuki on Wednesday announced an increase in the prices of its popular Swift and Grand Vitara Sigma models by Rs 25,000 and 19,000 respectively.